If you’re adding more than one EU marketplace, then you may want to use the same service items and accounts for each marketplace that has the same currency.
If you’re just adding one EU marketplace, like the United Kingdom (Amazon GB), then you can simply use our Setup Wizard to create the necessary service items and accounts.
Settlements are combined for the countries using the same currency, so if you’re adding Amazon GB/UK, Amazon FR, and Amazon ES, then you’ll need to set up at least two separate sets of services and accounts: one for Amazon UK and one for both Amazon FR and ES.
We recommend that you use the same service items and accounts for the EU region unless you want to track sales/fees by individual marketplaces.
At the very least, you should use the same Amazon EU Undeposited Funds and Amazon EU Bank Account for every EU marketplace you add (with the exception of Amazon GB/UK because the currency used is different).
Once your EU settlement deposit arrives, you’ll need to edit that deposit document to reflect the actual deposit rate since Amazon doesn’t provide the actual deposit amount due to fluctuating exchange rates. Click on the button below to learn more.
You’ll still need a separate service item/account for VAT for the each marketplace where you collect.
Below are the different options you can use when setting up SellerZen to import the orders:
Tracking income and expenses from each EU marketplace
Some sellers want to track income and expenses per marketplace. If this is the case, then you can use our Wizard to create marketplace-specific service items and accounts.
If you do this, then you’ll be able to see your income and expense per EU marketplace.
We still recommend that you use the same Undeposited Funds and Bank Account for all EU marketplaces using the same currency even if you track income and fees per marketplace.
Tracking income and expenses for the entire EU region
If you don’t want to track income and fees for each EU marketplace, then you should use the same service items and accounts for every EU marketplace using the same currency.
For instance, Amazon IT, FR, and ES should share the same service items and accounts, while Amazon GB/UK should have its own settings.